BinDawood Holding’s Initial Public Offering

Abdulaziz Alajlan & Partners and Baker McKenzie advised BinDawood Holding Company on the offering.

BinDawood Holding Company completed a US$ 585 million initial public offering, with an implied market capitalization on listing of approximately US$ 2.9 billion.

BinDawood Holding operates as a holding company, and through its subsidiaries, manages grocery retail chains of hypermarkets and supermarkets.

The Abdulaziz Alajlan & Partners team was led by Karim Nassar (Picture) and Robert Eastwood; and Adam Farlow and George Marshall at Baker McKenzie in London.

White & Case LLP and The Law Office of Megren M. Al-Shaalan have advised Goldman Sachs Saudi Arabia and J.P. Morgan Saudi Arabia Company, as Financial Advisers, Bookrunners and Underwriters, GIB Capital as Senior Bookrunner and Underwriter, and NCB Capital Company as Lead Manager, Bookrunner and Underwriter, with a team co-led by partners Laura Sizemore (London) and Sami Al-Louzi (Dubai), and included partners Ali Shaikley (Dubai) and Inigo Esteve (London), and associates Ibrahim Soumrany (London) and Roger Gaspard (Dubai). The Law Office of Megren M. Al-Shaalan team in Riyadh was led by partner Megren Al-Shaalan and included associates Reem AlBakr, Simon O’Connell-Schizas and Elaf Al-Wohaibi.

Involved fees earner: Robert Eastwood – Baker McKenzie; Adam Farlow – Baker McKenzie; George Marshall – Baker McKenzie; Karim Nassar – Baker McKenzie; Sami Al-Louzi – White & Case; Megren Al-Shaalan – White & Case; Reem Albakr – White & Case; Inigo Esteve – White & Case; Roger Gaspard – White & Case; Ali Shaikley – White & Case; Laura Sizemore – White & Case; Ibrahim Soumrany – White & Case;

Law Firms: Baker McKenzie; White & Case;

Clients: BinDawood Holding; GIB Capital; Goldman Sachs Saudi Arabia; J.P. Morgan Saudi Arabia Company; NCB Capital;

Author: Michael Patrini.